Identification of Transferred Receivables Sample Clauses

The Identification of Transferred Receivables clause defines the process and criteria for specifying which receivables are being transferred from one party to another under an agreement. Typically, this involves listing or otherwise clearly describing the receivables—such as by invoice number, customer name, or other identifying information—so that both parties know exactly which assets are included in the transfer. This clause ensures clarity and prevents disputes by making it unambiguous which receivables are subject to the transfer, thereby protecting the interests of both the transferor and transferee.
Identification of Transferred Receivables. On or prior to each ----------------------------------------- Transfer Date, the Originator shall deliver to the Transferee a list of Related Contracts for the Receivables to be transferred on such Transfer Date, which list shall also be delivered to the Administrative Agent in accordance with paragraph (j) of Exhibit IV of the Receivables Transfer Agreement. Such list shall evidence the Transferred Receivables for such Transfer Date.
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Identification of Transferred Receivables. On each Transfer Date, ----------------------------------------- a sufficient number of Eligible Receivables (that do not already constitute Transferred Receivables hereunder) of the Originator shall be identified as Transferred Receivables so that the Outstanding Balance of such Transferred Receivables so identified shall result in the Transfer Amount determined in accordance with Section 2.02(b). The Transferred Receivables will be identified by reference to the General Trial Balance of the Originator. Starting with the first Obligor listed on the General Trial Balance, each Eligible Receivable owed by such Obligor (that does not already constitute a Transferred Receivable hereunder) shall constitute a Transferred Receivable. Additional Transferred Receivables shall be identified in a similar manner by proceeding down the General Trial Balance of the Originator, in alphabetical or numerical sequence for subsequent Obligors.
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Related to Identification of Transferred Receivables

  • Reassignment of Ineligible Receivables (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b). (b) TRS shall accept reassignment of any Receivables described in Subsection 6.01(a) from RFC VIII on the date on which such Receivables are reassigned to RFC VIII pursuant to Subsection 2.6(a) of the Transfer Agreement, and shall pay for such reassigned Receivables by paying to RFC VIII in immediately available funds an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRS, without recourse, representation or warranty, all the right, title and interest of RFC VIII in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof. Such reassigned Receivables shall be treated by RFC VIII as collected in full as of the date on which they were reassigned. RFC VIII shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by TRS to effect the conveyance of such Receivables and other property pursuant to this Subsection.

  • Notes and Accounts Receivable All notes and accounts receivable of the Company, all of which are reflected properly on the books and records of the Company, are valid receivables subject to no setoffs, defenses or counterclaims, are current and, to the Company's Knowledge, collectible subject in each case only to the reserve for bad debts set forth on the face of the Most Recent Balance Sheet as adjusted for operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

  • Reassignment of Purchased Receivables Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.